Naoris Protocol offers a decentralized cybersecurity mesh in which network devices validate one another through a tokenized machine economy to eliminate single points of failure. Its protocol uses a novel consensus mechanism called Distributed Proof of Security (dPoSec) running on a purpose-built, high-throughput blockchain with a sharding architecture called Verge Clusters. The CYBER token is required to add machines to the network and is used to incentivize participants and validators to identify vulnerabilities and maintain trust. The company says its approach aligns with zero-trust architecture, is community-governed and censorship-resistant, and can be customized for industries such as banking, healthcare, governments, and the broader Web3 stack. Naoris finished an extensive period of research and development and plans to launch by the end of the year while scaling adoption of its validator mesh and self-healing capabilities. The company recently banked $11.5 million in funding to support moving into the next phase of serving a growing web2 and web3 customer portfolio.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2022